Q4e: lower prices and more planned maintenance. '24e-'25e EBIT down 2-1%, mainly on stronger SEK. We keep SELL, TP unchanged at SEK 55.

07 Jan 2024
Valuation unsustainable as earnings decline

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Valuation unsustainable as earnings decline
- Published:
07 Jan 2024 -
Author:
Adrian Gilani | ABGSC Metals & Mining Research -
Pages:
15 -
Q4e: lower prices and more planned maintenance. '24e-'25e EBIT down 2-1%, mainly on stronger SEK. We keep SELL, TP unchanged at SEK 55.